ExcerptI. Applicable Law[1] "The contract contains no provisions regarding the substantive law. Accordingly that law has to be determined by the Arbitrators in accordance with Art. 13(3) of the ICC Rules (see footnote 1). Under that article, the Arbitrators will 'apply the law designated as the proper law by the rule of conflicts which they deem appropriate'.[2] "The contract is between the Seller and a Buyer [of different nationalities] for delivery [in a third country]. The sale was f.o.b. so that the transfer of risks to the Buyer took place in the [country of the Seller]. [The country of the Seller] accordingly appears as being the jurisdiction to which the sale is most closely related.
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